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April 25, 2014

Homework Help: Financial accounting

Posted by Meg on Sunday, October 21, 2012 at 5:31pm.

Laird Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 200 units at $41 per unit. During the year, Laird made two batch purchases of coffee makers. The first was a 295-unit purchase at $46 per unit; the second was a 380-unit purchase at $48 per unit. During the period, Laird sold 845 coffee makers.
What's the cost of goods sold with FIFO method?

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